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Indiabulls Housing Finance Limited NCD (Indiabulls Housing Finance Tranche IV NCD Nov 2022) Detail

Dec 1, 2022 - Dec 22, 2022
Indiabulls Housing Finance Limited Logo

Incorporated in 2005, the company engages in providing mortgage lending services. Indiabulls Housing Finance Limited is one of the largest housing finance companies in India and is the flagship company of Indiabulls Group. The company offers various services like Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans among others.

As of September 30, 2022, The company has a network of 164 branches spread across India, which gives us a pan-India presence and allows us to interact with and service the customers. As of September 30, 2022, the company have a direct sales team of 2,200 employees who were located across the network.

The company has a long-term credit rating of "AA; Outlook Stable" from CRISIL and ICRA, "AA; Outlook Negative" from CARE Ratings and "AA+; Outlook Stable" from Brickwork Ratings for non-convertible debentures and subordinated debt programme.

Indiabulls Housing Finance Tranche IV NCD Nov 2022 Detail

Issue Open Dec 1, 2022 - Dec 22, 2022
Security Name Indiabulls Housing Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 1,400.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE, NSE
Credit Rating CRISIL AA/Stable and ICRA AA
Tenor 24, 36 and 60 months
Series

Series I to VIII

Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture TrustiesIDBI TRUSTEESHIP SERVICES LTD.

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 300,000
Non-Institutional 100,000
HNI 300,000
Retail 300,000
Total NCD's 1,000,000

Coupon Rates

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Annual Monthly Cumulative Annual Monthly Cumulative Annual Monthly
Nature Secured
Tenor 24 months 24 months 24 months 36 months 36 months 36 months 60 months 60 months
Coupon Rate (Retail) 9.30% 8.94% NA 9.55% 9.16% NA 9.80% 9.39%
Effective Yield (% per Annum) 9.29% 9.30% 9.30% 9.54% 9.54% 9.55% 9.79% 9.80%
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,194.95 Rs 1,000 Rs 1,000 Rs 1,297.15 Rs 1,000 Rs 1,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable" by CRISIL Ratings Limited and ICRA AA by ICRA Limited with such ratings considered to have a stable outlook.

Company Promoters

Mr. Sameer Gehlaut is the company promoter.

Company Financials

Indiabulls Housing Finance Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20102872.0313223.232165.92
31-Mar-2193239.0310030.121201.59
31-Mar-2281973.328993.91177.74
Amount in ₹ Crore

Objects of the Issue

The NCD purposes to raise funds for the following purposes;

  1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company.
  2. General corporate purposes.

Indiabulls Housing Finance Tranche IV NCD Nov 2022 Prospectus

Indiabulls Housing Finance Tranche IV NCD Nov 2022 Subscription Status

The Indiabulls Housing Finance Tranche IV NCD Nov 2022 was subscribed 0.11 times on Dec 22, 2022 5:00:00 PM. The NCD subscribed 0.35 times in Retail, 0.01 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail0.35x
HNI0.01x
Non-Institutional0.00x
Institutional0.00x
Total0.11x

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Indiabulls Housing Finance Tranche IV NCD Nov 2022 Rating

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Rating:Rated 3.7 stars
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Indiabulls Housing Finance Tranche IV NCD Nov 2022 Reviews

Company Contact Information

Indiabulls Housing Finance Limited
M 62&63, First Floor,
Connaught Place,
New Delhi – 110 001, Delhi

Phone: +91 11 4353 2950
Email:
Website: https://www.indiabullshomeloans.com/

Indiabulls Housing Finance Tranche IV NCD Nov 2022 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: ibhl.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/


5 Comments

5. Gu   I Like It. |Report Abuse|  Link|Dec 30, 2022 4:48:09 PMReply
Listing date
4. DHEENA   I Like It. |Report Abuse|  Link|Dec 21, 2022 9:30:53 PMReply
WHAT WILL HAPPEN IF THE INVESTOR IS NOT SUPPORTING THE NCDs? IS THERE IS ANY MINIMUM SUBSCRIPTION? WHAT WILL HAPPEN IF THE MINIMUM SUBSCRIPTION IS NOT ACHIEVED
3. Rajesh   I Like It. 1|Report Abuse|  Link|Dec 19, 2022 2:18:54 PMReply
The rate given for retail is not true, these are not the coupon rate for individual investors. They are giving 8.94% only to HNI and partnership firms for individuals its 8.57% for 24 months.
3.1. Ajit Katariya   I Like It. |Report Abuse|  Link|Dec 20, 2022 7:35:39 PM
True, it was surprising that there is difference of 40 bps
2. Kunal   I Like It. |Report Abuse|  Link|Dec 5, 2022 2:35:34 PMReply
What is meant by "well informed investors"
2.1. Vimal Garodia   I Like It. |Report Abuse|  Link|Dec 11, 2022 10:19:45 AM
Well informed investor means the ones who know about the risk in applying for NCDs of a certain company, their business and the factors that may affect the company.
2.2. Kunal   I Like It. |Report Abuse|  Link|Dec 12, 2022 3:34:14 PM
Thank you.
What is your suggestion in this NCD? Can we apply or not for diversification?
1. Sandeep   I Like It. |Report Abuse|  Link|Dec 1, 2022 5:23:06 PMReply
Can we expect any listing gains here. ?
1.1. Ajit Katariya   I Like It. |Report Abuse|  Link|Dec 1, 2022 9:48:06 PM
No. Generally, less to no liquidity as these are going to be hold till maturity for regular income.